1264 Malabar Road SE, Palm Bay, FL 32907
- $2,250,000
- 5
- BA
- 5,010
- SqFt
- List Price
- $2,250,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 99
- MLS#
- 1075327
- Subtype
- Commercial Sale
- Year Built
- 1988
- Bathrooms
- 5
- Living Area
- 5,010
- Lot Size
- 152,024
- Acres
- 3.49
- MLS Area Major
- SE Palm Bay
Property Description
Prime Income-Producing Medical Office & Development Site Secure a turnkey investment featuring an established medical office building, anchored by a stable hospital tenant since 2019. Currently generating $75,000 in annual gross income, the lease runs through 2027 with two 1-year renewal options. Located just off the high-traffic Malabar Road corridor, this parcel offers immediate cash flow alongside significant development upside. Benefit from a thriving professional ecosystem and versatile zoning in one of the area's most sought-after business hubs. New roof in October 2025.
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Additional Information
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Electric
- Exterior Construction
- Block, Stucco
- Parking
- Off Street, Parking Lot, Unassigned
Listing courtesy of Rahal Real Estate LLC.
Listing courtesy of Rahal Real Estate LLC. Contact: